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Benchmark Highlights Strong Pipeline at Peraso (PRSO)

Peraso Inc. (NASDAQ:PRSO) is one of the 6 Best Semiconductor Penny Stocks to Buy Now. On December 5, Benchmark reiterated a Speculative Buy rating on Peraso Inc. (NASDAQ:PRSO) with a $3 price target. The firm pointed to stronger adoption trends across multiple markets as a key factor for its positive outlook.

Benchmark highlighted that Peraso Inc.’s (NASDAQ:PRSO) pre-production products rose to a record 12, up from 7 in the previous quarter. This increase shows a growing commercial pipeline. The firm also noted that the company has secured an order from a major global Fixed Wireless Access (FWA) equipment provider that serves key service operators.

The research firm also pointed out that growing interest in 6 GHz technology is creating new opportunities for Peraso Inc. (NASDAQ:PRSO). Additionally, recently completed field trials for next-generation tactical communications have led to increased engagement from defense customers. The company is also seeing activity in related markets Edge AI, last-mile delivery, drones, and autonomous vehicles.

In other news, on December 23, Peraso Inc. (NASDAQ:PRSO) announced that it is appointing Cees Links, a veteran wireless entrepreneur and technology executive, to its board of directors.

Peraso Inc. (NASDAQ:PRSO) specializes in high-performance 60 GHz unlicensed and 5G mmWave wireless technology. The company provides chipsets, modules, software, and IP to support various applications such as fixed wireless access, military, immersive video, and factory automation.

While we acknowledge the potential of PRSO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRSO and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Stocks that Will Bounce Back According to Wall Street Analysts and 10 Best US Penny Stocks to Buy.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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